Business and Summary of Accounting Policies (Tables)

12 Months Ended

Feb. 01, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Fiscal Period

The following fiscal periods are presented in these notes:

Fiscal year	Ended	Number of Weeks
2019	February 1, 2020		52
2018	February 2, 2019		52
2017	February 3, 2018		53

Schedule of Property and Equipment

Property and equipment consist of the following:

(Dollars in Millions)	Feb 1, 2020				Feb 2, 2019
Land		$	1,107			$	1,110
Buildings and improvements:
Owned			7,869				8,048
Leased			867				1,816
Fixtures and equipment			1,426				1,489
Information technology			2,806				2,628
Construction in progress			279				299
Total property and equipment, at cost			14,354				15,390
Less accumulated depreciation and amortization			(7,002	)			(7,962	)
Property and equipment, net		$	7,352			$	7,428

Ranges of Useful Lives

The annual provisions for depreciation and amortization generally use the following ranges of useful lives:

Buildings and improvements	5-40 years
Fixtures and equipment	3-15 years
Information technology	3-8 years

Summary of Changes in Restructure Reserve

The following table summarizes changes in the restructure reserve during 2019:

(Dollars in Millions)	Severance
Balance - February 2, 2019	$	31
Payments and reversals		(34	)
Additions		30
Balance - February 1, 2020	$	27

Schedule of Accrued Liabilities

Accrued liabilities consist of the following:

(Dollars in Millions)	Feb 1, 2020		Feb 2, 2019
Gift cards and merchandise return cards	$	334	$	330
Sales, property and use taxes		182		160
Payroll and related fringe benefits		101		154
Credit card liabilities		84		122
Accrued capital		104		117
Other		428		481
Accrued liabilities	$	1,233	$	1,364

Schedule of Net Sales by Line of Business

The following table summarizes net sales by line of business:

(Dollars in Millions)	2019		2018 (1)		2017 (1)
Women's	$	5,289	$	5,436	$	5,436
Men's		4,072		4,075		3,994
Home		3,579		3,675		3,660
Children's		2,437		2,436		2,404
Footwear		1,822		1,846		1,820
Accessories		1,686		1,699		1,722
Net Sales	$	18,885	$	19,167	$	19,036

(1) Certain businesses do not agree to previously reported amounts due to changes in category classification.

Schedule of Marketing Costs, Net of Related Vendor Allowances

Marketing costs are expensed when the marketing is first seen. Marketing costs, net of related vendor allowances, are as follows:

(Dollars in Millions)	2019				2018				2017
Gross marketing costs		$	1,156			$	1,133			$	1,124
Vendor allowances			(130	)			(143	)			(138	)
Net marketing costs		$	1,026			$	990			$	986
Net marketing costs as a percent of total revenue			5.1	%			4.9	%			4.9	%

Computation of Basic and Diluted Net Income Per Share

The information required to compute basic and diluted net income per share is as follows:

(Dollars and Shares in Millions, Except per Share Data)	2019			2018			2017
Numerator—net income	$		691	$		801	$	859
Denominator—weighted average shares
Basic			157			164		167
Impact of dilutive share-based awards			1			1		1
Diluted			158			165		168
Anti-dilutive shares/warrants		1			—			2
Net income per share:
Basic	$		4.39	$		4.88	$	5.14
Diluted	$		4.37	$		4.84	$	5.12